{"id":24457,"date":"2015-08-21T09:09:57","date_gmt":"2015-08-21T14:09:57","guid":{"rendered":"https:\/\/www.battleswarmblog.com\/?p=24457"},"modified":"2015-08-21T09:09:57","modified_gmt":"2015-08-21T14:09:57","slug":"greek-update-tsipras-out-new-party-formed-snap-elections-coming-debt-payment-made","status":"publish","type":"post","link":"https:\/\/www.battleswarmblog.com\/?p=24457","title":{"rendered":"Greek Update: Tsipras Out, New Party Formed, Snap Elections Coming, Debt Payment Made"},"content":{"rendered":"<p>&#8220;Prime Minister <a href=\"http:\/\/www.reuters.com\/article\/2015\/08\/20\/us-eurozone-greece-resignation-idUSKCN0QP1Q820150820\">Alexis Tsipras resigned on Thursday<\/a>, hoping to strengthen his hold on power in snap elections after seven months in office in which he fought Greece&#8217;s creditors for a better bailout deal but had to cave in.&#8221;<\/p>\n<p>Turns out promising free ice cream, only to deliver expensive rotted cabbage, <a href=\"http:\/\/www.zerohedge.com\/news\/2015-08-17\/greece-faces-snap-elections-lawmakers-abandon-tsipras\">wasn&#8217;t popular with Greek voters<\/a>.<\/p>\n<p>Nor were his actions popular with members of his own party, 25 of whom have broken off to form <a href=http:\/\/www.nytimes.com\/2015\/08\/22\/world\/europe\/alexis-tsipras-greece-syriza-popular-unity.html?_r=0\">the new National Unity Party<\/a>, who will evidently return to the &#8220;demand free ice cream and insist others pay for it&#8221; strategy Tsipras abandoned in the face of the sinister force know as reality. <\/p>\n<p>On the plus side, Greece just used it&#8217;s new bailout fund to <a href=\"http:\/\/www.wsj.com\/articles\/greece-pays-back-ecb-with-first-eurozone-bailout-funds-1440059868\">make a debt payment to the European Central Bank<\/a> for the last batch of money it borrowed to prop up its unsustainable welfare state.<\/p>\n<p>We&#8217;re in that happy honeymoon period after Greece gets more money and before Eurocrats are shocked, <em>shocked<\/em> that Greece&#8217;s economy is still a festering pile of fail that all those and promised economic reforms haven&#8217;t actually been implemented. <\/p>\n<p>Give it another six to nine months&#8230;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;Prime Minister Alexis Tsipras resigned on Thursday, hoping to strengthen his hold on power in snap elections after seven months in office in which he fought Greece&#8217;s creditors for a better bailout deal but had to cave in.&#8221; Turns out promising free ice cream, only to deliver expensive rotted cabbage, wasn&#8217;t popular with Greek voters. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":23,"footnotes":""},"categories":[422,232],"tags":[1670,2879,1488,1193,221,2875],"class_list":["post-24457","post","type-post","status-publish","format-standard","hentry","category-budget","category-welfare-state","tag-alexis-tsipras","tag-budget","tag-european-central-bank","tag-european-debt-crisis","tag-greece","tag-welfare-state"],"_links":{"self":[{"href":"https:\/\/www.battleswarmblog.com\/index.php?rest_route=\/wp\/v2\/posts\/24457","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.battleswarmblog.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.battleswarmblog.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.battleswarmblog.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.battleswarmblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=24457"}],"version-history":[{"count":5,"href":"https:\/\/www.battleswarmblog.com\/index.php?rest_route=\/wp\/v2\/posts\/24457\/revisions"}],"predecessor-version":[{"id":24479,"href":"https:\/\/www.battleswarmblog.com\/index.php?rest_route=\/wp\/v2\/posts\/24457\/revisions\/24479"}],"wp:attachment":[{"href":"https:\/\/www.battleswarmblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=24457"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.battleswarmblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=24457"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.battleswarmblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=24457"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}